Capex from other businesses decreased 10.4 percent €59 million in H1, reflecting mainly the impact of the depreciation of the Brazilian Real and Namibian Dollar against the Euro (Euro 5 million) and also lower capex at CVT and CST, following the investments realised in 2012 in the rollout of the submarine cable.
Capex of Portuguese telecommunications businesses increased 4.3 percent to €129 million in Q2. In 2012, it made strong investments in both FTTH and 4G-LTE networks.
In Q2, Portuguese telecommunications invested in IT/IS projects, which represented 28 percent of total capex in Q2; customer capex of €46 million and technology and infrastructure capex of €45 million.
These investments have translated into PT’s leadership in FTTH and 4G-LTE coverage in Portugal, where PT already covers 1.6 million households with FTTH and 92 percent of the population with 4G-LTE allowing speeds of up to 150 Mbps.
PT is testing LTE-Advanced and has already achieved speeds of 300Mbps, preparing the evolution of its 4G LTE offer.
Portugal Telecom’s Q2 revenue decreased 5.5 percent to €1.54 billion. Its net income rose 280 percent to €257.3 million.
In H1 2013, revenues reached €3.09 billion.
Net income reached €284 million in H1 2013.